These guys on Stockhouse are in cookoo gah gah land - they base their analysis on the company's own blah.
The interesting question is who will end up controlling the company when and if the IMX founders get their shares. In the meantime the projected dilution will keep the price down. What is also fascinating is what if shareholders vote against the issue of shares to the IMX guys at the EGM? They could easily refuse to allow it, although Theo Baker could hardly vote against it, but I think that such a large equity issue fits in the Special Resolution category requiring 75% of shareholders to agree - I doubt Theo will be inciting them to support the issue. I hope they get their shares and take the company on as they at least seem to understand the software business. The current management only seem to know how to waste shareholders money on terminally ill acquisitions and they are STILL DOING IT.
PWR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
